Hi Investment & Securities Launches One ELS Offering with 6% Annual Yield
[Asia Economy Reporter Park Jihwan] HI Investment & Securities announced on the 16th that it will offer one type of equity-linked securities (ELS) totaling 4 billion KRW by 1 PM on the 20th.
HI ELS No. 2143 is a 3-year maturity, early redemption type ELS with semi-annual evaluation based on the KOSPI 200 Index, Hong Kong Hang Seng Index (HSI), and EUROSTOXX 50 Index. On automatic early redemption evaluation dates, if the closing prices of all underlying assets are at least 90% of the initial reference price (at 6 and 12 months), 85% (at 18 and 24 months), 80% (at 30 months), and 65% (at 36 months), it pays a maximum return of 18.00% (6.00% per annum).
Also, at maturity, if the closing prices of all underlying assets are at least 65% of the initial reference price, the initially offered return rate is paid. However, if any one of the underlying assets falls below 65%, principal loss may occur according to the maturity redemption conditions.
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